China Steel Association said iron ore prices are clearly controlled

At an internal meeting held yesterday, the China Iron and Steel Association (China Iron and Steel Association) said that a recent survey conducted by the association showed that there are obvious price manipulation problems in the iron ore market, and it is recommended to implement the country for iron ore. Strategic reserves to achieve balanced development of the industry. According to the China Steel Association, China is currently the largest importer of iron ore, accounting for about 75% of the global iron ore seaborne trade volume. At the same time, the world's three major mines occupy a monopoly in the global iron ore trade, and push prices up year after year. Due to the increase in iron ore prices, the profit margin of Chinese steel companies has continued to decline. Wu Xinchun, deputy secretary-general of China Steel Association, said that at present, the iron ore price is obviously controlled. After September last year, the quantity of imported iron ore in China has been rising, but the output of pig iron is at a low level, and the import volume of iron ore is not Matching, over-imported imports are obvious. At the same time, the international market continues to speculate on China's crude steel output, iron ore prices have also been pushed up since the end of last year, the current spot price of iron ore is climbing to a record high of 200 US dollars / ton, the index price also reached $180/ton. "In fact, the average price of iron ore imports in China last year was only about 128 US dollars / ton. The average import price in the first quarter of this year was about 150 US dollars / ton, and now the index price has reached 180 US dollars / ton, showing the iron ore supply is correct. Trying to blow the balloon bigger and bigger to increase the insecurity of the steel enterprise." Wu Xinchun analyzed. Wu Xinchun also said that iron ore is a strategic resource of the country. It is necessary to clarify its strategic reserves from laws and policies. "The establishment of a national strategic reserve is to solve the problem of balanced development of the industry, not the issue of income." Wu Xinchun suggested that the state set up a special agency to manage the iron ore reserve work, and study and formulate the guidelines, policies, systems and operation management systems of the iron ore strategic reserve. The reporter learned that last year, the heads of 14 large steel enterprises in China Steel Association and the country had reflected the impact of iron ore on the industrial safety of the steel industry to the leaders of the State Council, and received the attention of the leaders of the State Council to upgrade the iron ore guarantee to Research on the perspective of national resources strategy.  

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